The Bristol in West Palm Beach boasts lush outdoor terraces.Visual House

Sleepy Palm Beach and neighboring West Palm Beach have awakened to a wave of new residential development.

In 2018, Palm Beach, the tony enclave known for multimillion-dollar estates, becomes home to the 30-unit 3550 South Ocean (from $2.3 million) — the first residential edifice to rise there in over a decade.

The 30 residences at Palm Beach’s sleek and sophisticated 3550 South Ocean will have floor-to-ceiling windows and private balconies.Courtesy of DDG

“[Potential area buyers] are trending toward newly constructed residential . . . They love the carefree lifestyle of a condo,” says Caprice Weber of Douglas Elliman Development Marketing, who’s leading marketing efforts for 3550 South Ocean. These clients are largely in pursuit of vacation property, she adds.

This oceanfront development — whose team includes DDG, Champalimaud Design and Kobi Karp Architecture — will provide light-filled homes and private beach access.

West Palm Beach is also making a splash — notably among buyers in search of a full-time residence near the city’s shopping, entertainment and dining venues, like CityPlace.

“They want to live, work and play all in one area,” says Weber, who’s directing sales at the Bristol.

There’s also the Arquitectonica-designed One West Palm — a mixed-use development crafted by billionaire developer Jeff Greene — that will include 326 rentals, a full-service spa, a fitness center and a restaurant (prices unavailable).

The first phase of Related Group’s Marina Village is also forthcoming, with 132 units boasting high ceilings and chef’s kitchens (prices unavailable).

Most of all, these West Palm developments will all share Florida’s best amenity: picture-perfect bay and ocean views.